J E BEALE PUBLIC LIMITED COMPANY
Company number: 00120002
Reporting period:
1 April 2018 to 30 September 2018
Report filed on:
30 October 2018
Approved by:
A Brown
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 63%
- in 31 to 60 days: 13%
- in 61 days or more: 24%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 38%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
105 days
Standard payment terms
J E Beale plc has a range of different payment terms with existing suppliers: Goods for re-sale : up to 105 days from date of invoice or from receipt of invoice. Services and supplies : up to 90 days from date of invoice or receipt of invoice Terms vary between suppliers and for types of service
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
105 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
J E Beale plc try to resolve disputes directly with the supplier without the need for legal involvement. Initial queries are dealt with by the accounts and buying team, which can be escalated to the head of finance or the trading director if necessary.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No